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CCTG (CCSC Technology International Holdings) Cash-to-Debt : 3.23 (As of Mar. 2024)


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What is CCSC Technology International Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. CCSC Technology International Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.23.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, CCSC Technology International Holdings could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for CCSC Technology International Holdings's Cash-to-Debt or its related term are showing as below:

CCTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.17   Med: 3.39   Max: 8.04
Current: 3.23

During the past 4 years, CCSC Technology International Holdings's highest Cash to Debt Ratio was 8.04. The lowest was 2.17. And the median was 3.39.

CCTG's Cash-to-Debt is ranked better than
67.01% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs CCTG: 3.23

CCSC Technology International Holdings Cash-to-Debt Historical Data

The historical data trend for CCSC Technology International Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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CCSC Technology International Holdings Cash-to-Debt Chart

CCSC Technology International Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Cash-to-Debt
2.17 8.04 3.54 3.23

CCSC Technology International Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cash-to-Debt Get a 7-Day Free Trial 8.04 2.31 3.54 4.14 3.23

Competitive Comparison of CCSC Technology International Holdings's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CCSC Technology International Holdings's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CCSC Technology International Holdings's Cash-to-Debt falls into.


CCSC Technology International Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

CCSC Technology International Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=5.525 / (0.511 + 1.198)
=3.23

CCSC Technology International Holdings's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=5.525 / (0.511 + 1.198)
=3.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CCSC Technology International Holdings  (NAS:CCTG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

CCSC Technology International Holdings Cash-to-Debt Related Terms

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CCSC Technology International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
18-24 Shan Mei Street, 1301-03, 13th Floor, Shatin Galleria, Fotan, Shatin, Hong Kong, HKG
Website
https://www.ccsc-interconnect.com
CCSC Technology International Holdings Ltd along with its subsidiaries is involved in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses. Its products include customized interconnect products, including connectors, cables, and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. Geographically, the company generates maximum revenue from the sale of its products in Europe and the rest from the Americas and Asia.